© 2014 All rights reserved Andrew Jones REALTOR
Homepage / Search Listings / Rentals / Price Guide / Market Trends / Relocation Guide / Big Map / Andy Online / Buyers / Sellers / Investors / Online Chat / Webcasts / Video Tours / Malibu / Pacific Palisades / Santa Monica / Venice Beach / Marina del Rey / South Bay / Palos Verdes / Blog & Forum / Contact Us
Your information will only be used by us to find you the
best homes for sale in Los Angeles’ Beach Cities.
It will not be used for any other purpose, transferred,
IN L.A.’s AMAZING BEACH CITIES
Call or E-mail AndyONLINE Today for More About Real Estate
in Los Angeles’ Fabulous Coastal Communities…
or Use the Links on Every Page of Our Website to See Thousands
of Beach Property Listings on the Market Right Now!
coastal real estate guide
LOS ANGELES COASTAL
short sales & foreclosures
YOUR BUDGET venice beach
FIND THE BEST HOME for you
Finding and buying a home may seem like a monumental task, but you’ll often be amazed at how little can involved when you actually do it. Once you’ve gotten professional help, negotiated a price, and everything has been spelled out in the purchase agreement the remaining things for you to do to complete the sale should be pretty straight forward with a bit of luck. You’re more likely to be misinformed, get misdirected, or miss important opportunities when you’re looking for a home to buy in the first place.
The common thread here is that the owner is selling the property in every case, even when the bank is the owner. The only real differences are when you have to start performing your duties, the amount of time that it takes for you to close escrow, and how many hoops you have to jump through to get there. There are tricks of the trade for every type of sale, but getting the most for your money is about finding the best properties for you that are priced right to begin with or have owners who are ready to deal and knowing how to negotiate. It’s not about the label you put on a deal. Every seller sets their own limits regarding what they will or won’t accept and you’ll find both over-priced properties and real values in every category.
YOU SHOULD ALWAYS TALK WITH YOUR ATTORNEY ABOUT ALL THE LEGAL ASPECTS OF ANY REAL PROPERTY TRANSACTION.
A Note on Listing Prices: Sometimes standard sales may seem to be more expensive than other types of sales because private owners are often unrealistic about the value of their homes when listing them for sale. This can be true of trusteeship sales as well. Short sales are a little funny in this regard in that sometimes the owners still have an emotional investment in their homes and want to over price them while others will go for what they think the bank may accept or they’re advised to aggressively market the property and attract a lot of attention with ‘low-ball’ prices when they know the house will actually sell for a lot more. This strategy can result in bidding wars with the houses selling for more than they would if they were ‘reasonably’ priced from the start. Bank owned properties are sometimes marketed using this method as well though many REOs are listed at ‘market’ values too. Unfortunately home buyers only see the asking prices in all these cases and they rarely bother to find out what the properties actually sell for so it creates a false impression of values based on the type of sale. The one thing that you can count on in real estate is that the money never lies and nobody is ever giving it away… buyers or sellers.
The explosion of ‘distressed’ properties over the last few years has caused a lot of speculation and confusion about the possible benefits, values, and bargains to be had on different types of sales. Standard Sales, Trusteeships, Short Sales, & REOs or bank-owned properties are all characterized by who owns the property or has legal control over the sale. Some types of sales take longer to complete than others because of extra requirements involved.